Century Aluminum Co (NASDAQ: CENX) has reported E.P.S. of $2.52 for its first fiscal quarter (ending March 31) versus $-0.42 for the same period a year ago. Relative to the consensus estimate of $0.22, this was a premium of $2.30. For the latest four quarters through March 31, E.P.S. were $2.46 compared to $-0.82 a year ago.
Recent Price Action
On 5/1/24, Century Aluminum Co (NASDAQ: CENX) stock suffered a large decline of -7.7%, closing at $16.01. Moreover, this decline was accompanied by unusually high trading volume at 194% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.8% during the last week.
Current PriceTarget Research Rating
CENX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a major Value Builder.
Century Aluminum has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Century Aluminum has a poor Appreciation Score of 22 but a very high Power Rating of 99, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment